Government raises seller stamp duties on residential properties to curb rise in ‘flipping’
Duty raised to 16% for holding of 1 year or less, and drops by 4 percentage points for each additional year; SSD duration extends to 4 years
Singapore’s STI hits new high as investors flock to safe havens amid global risks
As at Wednesday, the index has advanced about 5.9 per cent year to date – bringing its gains slightly over that of the S&P 500, which is up by around 5.4 per cent.
$500 in Child LifeSG credits, Edusave, Post-Sec Education Account top-ups to be disbursed in July
These credits can be used for household expenses such as groceries, pharmacy items, utilities or transport.
Singapore six-month T-bill cut-off yield tumbles from 2% to 1.85%
This is a decline from the 2 per cent offered in the previous six-month auction that closed on June 19.
No compulsory financial advice needed for most retail investors under proposed MAS changes
Under the proposals, information on the products will be put more clearly, and guidance will be offered when transacting in complex products.
Singapore small businesses and charities to get access to financial dispute resolution from July 1
These include disputes over employee medical insurance, insurance for company vehicles, business banking services, corporate card accounts and loan agreements.
Powell reiterates Fed will wait for more data before cutting rates
Powell noted that a majority of Fed officials in recent projections still expect to lower the benchmark interest rate, with none of the remaining four meetings off the table.
US bonds set for further hit from Trump’s ‘big, beautiful’ spending Bill
The US national debt has increased fourfold in less than 10 years to around US$36 trillion, with about US$29 trillion held publicly.
Euro zone inflation edges higher, hitting ECB’s 2% target in June
Core inflation, which excludes energy, food, tobacco and alcohol prices, was unchanged at 2.3% in June.
Seniors can claim $800 SG60 vouchers from July 1; adults to get $600 in vouchers from July 22
In total, some three million adults will get the vouchers, which are estimated to cost the Government a total of $2.02 billion.
Private insurers and hospitals all tied up in a knot; MOH helping to untie it: Ong Ye Kung
In Singapore, more than 90 per cent of acute inpatient care is delivered in public hospitals, including those who opt for unsubsidized wards.
HDB resale price growth slows further to 0.9% in Q2: flash data
This marks the third consecutive quarter of slowdown in price growth and is the smallest quarter-on-quarter expansion since Q2 2020, flash data from HDB